In an unsurprising forecast from one in all Wall Road’s main monetary establishments, a prime strategist at JPMorgan has predicted that Joe Biden could withdraw from the upcoming presidential race, citing considerations over his well being.
The strategist, Michael Cembalest, Chairman of Market and Funding Technique for J.P. Morgan Asset Administration, made the prediction in his annual outlook report, which covers a variety of matters together with the state of the US economic system, market traits, and world dangers.
Among the many surprises, Cembalest predicts the next “top ten surprises for 2024:”
- The US greenback stays steady
- The DoJ/FTC win a giant antitrust case.
- President Biden withdraws someday between Tremendous Tuesday and the November election, citing well being causes. Biden passes the torch to a substitute candidate named by the Democratic Nationwide Committee.
- The driverless automotive backlash is coming.
- Broadly syndicated mortgage (BSL) losses rise above non-public credit score losses for the primary time.
- Argentine dollarization will fail if applied.
- Russian invasion of Ukraine drags on with no ceasefire in 2024.
- Regardless of storm clouds over US regional banks, their shares will do nicely in 2024 with steady or rising worth to guide values.
- As a consequence of retirement of dispatchable energy technology (nuclear, coal, fuel) and underinvestment in pipelines, fuel storage and winterization, main US cities will face electrical energy outages and/or pure fuel outages (which are a lot worse).
- Researchers will full work on an inhaled COVID vaccine that can sharply cut back transmission.
Based on Cembalest, Biden’s low approval ranking for a President with ~10% job creation since his inauguration is a by-product of his inauguration coinciding with the rollout of COVID-19 vaccines and a reopening US economic system.
Cembalest means that Biden’s well being could also be a consider his low approval ranking, and that he could withdraw from the race someday between Tremendous Tuesday and the November election.
Cembalest’s prediction relies on the method of candidate substitute throughout the major season or earlier than/after the final election, which he particulars in his report. He means that the Democratic Nationwide Committee could identify a substitute candidate if Biden drops out of the race.
In 2021, former White Home doctor for Presidents Barack Obama and Donald Trump, and present Texas Consultant Ronnie Jackson posted an honest assessment of Joe Biden’s bodily and psychological situation on Twitter.
Rep. Ronnie Jackson: “I served as White House physician under THREE Presidents. I’ve seen what it takes physically AND mentally to do the job. I can tell you right now that the way Biden is hiding from the public is a MAJOR red flag. Something’s not right!”
Again in July, The Gateway Pundit additionally predicted that Joe Biden would step down from workplace after a sudden medical emergency earlier than weak and feckless Republicans muster up the nerve to question him.
Democrats and their lapdog media will then insist the Biden Crime Story is “yesterday’s news” and “has already been prosecuted.” The American public will probably be lectured on what an awesome chief Joe Biden was and the way he must be eternally honored in our recollections and the historical past books.
Republican management and Uniparty members will breathe a sigh of aid that they won’t be pressured to undergo impeachment proceedings. They’ll inform us, “This is not who we are.”
Simply watch. You realize that is true.
